2022 ETB to KES Historical Review

YEARLY HIGH

2.3116 KES

YEARLY LOW

2.2224 KES

YEARLY AVERAGE

2.2704 KES

2022 ETB to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ETB to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 2.3116. Conversely, the yearly low was recorded on March 3, dropping to 2.2224.

This high-to-low spread represents a total annual volatility of 0.0892 KES. From a start-to-finish perspective, comparing the January average rate of 2.2866 to the December average rate of 2.2982, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.3116 was down 17.42% compared to the 2021 peak of 2.7992, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 11,558 KES

2021 Average 12,536 KES

Yearly Trough Low 11,112 KES

Transaction Impact: A difference of 446.10 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.3043

2.2308

JanuMarcMayJulySeptNove

ETB to KES Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.2554, compared to 2.2855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0301 points.

H1 Avg (Jan–Jun) 2.2554

H2 Avg (Jul–Dec) 2.2855

Volatility Range Comparison

Volatility

The most volatile month in 2022 was February, with a trading range of 0.0498 KES (High: 2.2771 / Low: 2.2272). On the other end, December was the most stable month, with a tight range of 0.0118 KES (High: 2.3029 / Low: 2.2911).

February Spread (Volatile) ±0.0498

December Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0350 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 2.2923) against the same month in 2021 (average: 2.3708), the exchange rate shifted by -0.0785 (-3.31%).

2022 Avg (October) 2.2923

2021 Avg (October) 2.3708

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3021	2.2795	2.2866
February	2.2771	2.2272	2.2516
March	2.2521	2.2224	2.2369
April	2.2564	2.2346	2.2475
May	2.2648	2.2413	2.2523
June	2.2683	2.2390	2.2576
July	2.2809	2.2546	2.2642
August	2.2901	2.2532	2.2763
September	2.3078	2.2695	2.2880
October	2.3116	2.2741	2.2923
November	2.3075	2.2829	2.2939
December	2.3029	2.2911	2.2982